Dear Renuka Ulaganathan,
115A Yishun Ring Road consists of 45 units of 5 room flats and 39 units of 4 room flats. The 99 years lease commenced back on 1st July 2001, meaning there is a healthy lease balance of 76 years and 7 months currently.
Looking at the past transactions, there were no 5I units sold within the whole of 2023, but there were 3 units sold in 2022, between $500,000 to $545,000. If we look further into 200m radius from this block, there were a total of 4 transactions for 5I units for the past 12 months, price ranging from $500,000 to $608,888. This gives you a rough estimation on the potential price for your unit.
And if we look into what are the comparable units for sale within the 300m radius from your block, there is no existing units for sale unless we expand the search to within 500m, then we can find a 5A unit (essentially a jumbo unit) calling for $760,000.
The absence of existing listings for sale could benefit you as you are the only unit for sale in the market for you to list for a slight premium price depending on conditions of your unit as well as any ethnic ratio restrictions, which based on December 2023, you are eligible to sell to all races and nationalities for SPR.
Alternatively, you may actually visit http://bit.ly/UrHomeMatters to find out an indicative valuation for your property based on recent transactions of similar flats in your area and we will keep you updated on any changes to this value on a monthly basis.
Hope the above helps!
I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
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